Hmmm, you are using a Gmail.com email address...

Google has declared war on the independent media and has begun blocking emails from NaturalNews from getting to our readers. We recommend GoodGopher.com as a free, uncensored email receiving service, or ProtonMail.com as a free, encrypted email send and receive service.

The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.

While the statement helped the S&P 500 to pare some of its losses – closing the day down 0.8 percent, the damage from the week of relentless selling left all three U.S. markets reeling with historic losses: The Dow Jones Industrial Average plummeted 3,583 points (12.4 percent) – extending its losing streak to five days – while the Nasdaq Stock Market and the S&P 500 turned in their worst week since 2008 with losses at 10.5 and 11.5 percent, respectively.

Microsoft and Apple – the two most valuable companies in the S&P 500 – lost a combined $300 million, and all 11 of its sectors have fallen into negative territory. Many companies have also readjusted their annual target revenues, and economists have lowered their forecasts for global growth following COVID-19.

“This has been really quick, really deep and, in some respects, unbelievable,” said Adams Funds CEO Mark Stoeckle in an interview with the Wall Street Journal. “I believe the market will continue to sell off.”

The losses also meant that these indexes fell into what market watchers call a “correction,” or a 10 percent drop in stock from a recent peak. The last time the market was pushed into correction territory was in late 2018, following tensions and an escalation tariff war with China.

President Trump told reporters on Friday that he hopes that the Fed would step in.

“I hope it gets involved soon,” Trump said, before departing for his rally in North Charleston, South Carolina.

This week’s effects felt worldwide

Global markets plummeted due to increasing fears about COVID-19. The STOXX Europe 600, which represents capitalization companies across 17 companies in Europe, also entered correction territory, losing 12 percent this week. Stock markets in the U.K. and Germany were also routed this week, dropping by 11 and 12 percent, respectively. Major indexes in Asia did not fare any better: The Korea Composite Stock Price Index (KOSPI) in South Korea dipped by eight percent, following the sudden surge of COVID-19 cases, while Japan and Hong Kong closed the week with significant losses.

“This feels different than the other market crisis in that it involves disruptions to daily life,” said Moody’s Analytics Mark Zandi, in an interview with the New York Times. “This isn’t financial. This is not some obtuse thing on a screen. Schools may close. I may not be able to get pasta or oatmeal.”

Find out everything you need to know about clean and healthy living when you sign up for our free email newsletter. Receive health tips, natural remedies, exclusive in-depth reports on superfoods, toxins, and more – what the mainstream media doesn't want you to know!

"Big Tech and mainstream media are constantly trying to silence the independent voices that dare to bring you the truth about toxic food ingredients, dangerous medications and the failed, fraudulent science of the profit-driven medical establishment.

Email is one of the best ways to make sure you stay informed, without the censorship of the tech giants (Google, Apple, Facebook, Twitter, YouTube, etc.). Stay informed and you'll even likely learn information that may help save your own life."